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RIP the metaverse.

Meta CTO Andrew Bosworth says slower VR adoption has forced the company to cut jobs and scale back parts of its metaverse push while keeping investments focused on areas with clearer growth.

As the digital landscape evolves, few companies have made as significant an impact as Meta Platforms Inc. (NASDAQ: META). With its ambitious push into artificial intelligence (AI) and recent strategic ...

Meta will lay off hundreds in California as it moves resources from the metaverse to AI, affecting major offices in ...

As Meta continues to shift its business model away from developing the metaverse, the company confirmed plans to lay off ...

Facebook’s parent company Meta Platforms, Inc. will permanently cut 219 jobs at its Burlingame facility at 311 Airport ...

As Meta Platforms shifts focus and rides a bullish trend, investors should formulate a strategy for all likely outcomes. 24/7 Wall St. is here to help.

The layoffs come as Meta announces widespread layoffs across its Reality Labs division. The business is responsible for the company's virtual and augmented reality technology.

Andrew Bosworth is at Davos, Switzerland, for the ongoing World Economic Forum's annual meeting. Meta CTO spoke ab.

Mark Zuckerberg's vision for the metaverse was meant to reimagine how we interact with each other and the world, providing us ...

Meta has quietly ended its VR-first Metaverse dream, pivoting to AI after years of hype, failed adoption, and clunky virtual ...